Canadian Restaurant Leaders Share Best Growth Practices at Today's Industry Summit

Western chains continue to move East, with real estate and branding critical success factors

TORONTO, May 30, 2013 /CNW Telbec/ - Go big or go home. That's the message from Canadian foodservice executives when asked about best practices for restaurants moving into new regions.

"The whole development cycle for a new market is critical," said Paul Hollands, chief executive officer of A&W Food Services of Canada Inc. "It's about more than being on the right corner. It's about looking at your entire expansion process strategically. You've got to be committed to your plans and you've got to put your best people on the ground to make it happen."

With restaurant brands such as Earls Kitchen + Bar, Joey Restaurant, Moxie's Grill & Bar, State & Main Kitchen & Bar and Cactus Club Café moving from Western Canada to Ontario and points further east, it's a hot topic in the foodservice industry today. Hollands and others provided a preview of the remarks they've prepared for a panel discussion on this topic that will take place at the Canadian Restaurant Investment Summit (CRIS) today in Toronto.

In addition to real estate, there are three other areas that restaurateurs should pay attention to when expanding, said Robert Carter, executive director of foodservice at NPD Group and panel moderator. Those areas are brand strength, brand awareness and operational expansion.

"It's interesting to look at the concepts that are successfully going from west to east," said Mark Pacinda, president and chief operating officer of Boston Pizza International Inc. "Ontario has 12.9 million people and Alberta has 3.7 million people — they're totally different markets. But there are unique elements of the west coast culture and dynamics that have led to success for chains that expand across the country."

For Derek Doke, president of FranWorks Group of Companies, which owns Original Joe's and State & Main restaurants, brand differentiation and operational growth go hand-in-hand. "We always want to maximize our productivity. We're sensitive to the size of our stores so we control that footprint. That's why we target end cap real estate more so than freestanding stores," he explained.

CRIS brings together restaurateurs, chain executives, franchise operators, investors, lenders and key suppliers from across the country. The event delivers insights and information with a tight focus that is uniquely Canadian. For more information, please visit the web site (http://www.restaurantinvest.ca/) or follow CRIS on Twitter (https://twitter.com/CRIS_Toronto).

About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender to the franchise finance market, serving the restaurant and hospitality industries. We specialize in financing regional and national restaurant businesses of all sizes across the country. In the past 11 years, we've provided 725 restaurant customers with $1.25 billion in financing for 1,525 property locations. In the Canadian hotel market, we provide financing for nationally known brands in the limited and select-service segments of the industry.

With 19 offices throughout Canada, GE Capital (http://www.gecapital.ca) offers a wide variety of financial products and services to address commercial financing and fleet management needs in many phases of a business' lifecycle. From equipment finance to working capital and growth financing to large asset-based and restructuring loans, we apply our wealth of industry expertise to develop custom solutions for your company. Some of the industries in which we specialize include transportation, construction, manufacturing, aerospace, automotive, mining, energy, wholesale, retail, restaurant and hotel franchise financing. To follow company news on Twitter, go to https://twitter.com/GELendLease.

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

SOURCE: GE Capital Canada

For further information:

GE Capital, Canada
Brigitte Dagnault
514-397-5323
514-346-1207 (mobile)
brigitte.dagnault@ge.com

GE Capital, Americas
Lisa Tibbitts
203-956-4582
lisa.tibbitts@ge.com

Profil de l'entreprise

GE Capital Canada

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.